11 July 2016asset acquisition disposition● Neutral
NGFC Equities formally deconsolidated the gas-station limited partnership from its financial statements, completing its exit from that early, unrelated business line.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 May 2016asset acquisition disposition● Neutral
NGFC Equities' board voted to spin off its gas-station investment partnership after fundraising fell behind schedule and the IRS flagged a fiscal-year mismatch in its tax filings.
24 Mar 2015material agreement● Neutral
NGFC Equities formed a limited partnership to privately raise up to $1 million to buy gas stations for its retail energy division, another since-abandoned early business line.
25 Feb 2015asset acquisition disposition● Neutral
Under its former name, NGFC Equities, the company bought 55% of ECI-LATAM, a small Miami medical-equipment installation business, for 3 million shares - a business line unrelated to the metallurgical coal and critical-minerals operations it would later become known for.